Premier Oil plc (PMO) Price Target Increased to GBX 70 by Analysts at Deutsche Bank AG
Premier Oil plc (LON:PMO) had its price objective boosted by Deutsche Bank AG from GBX 67 ($0.88) to GBX 70 ($0.92) in a research report report published on Friday morning. Deutsche Bank AG currently has a hold rating on the oil producer’s stock.
Several other research firms also recently weighed in on PMO. Peel Hunt reiterated a buy rating and set a GBX 100 ($1.32) target price on shares of Premier Oil plc in a research report on Thursday. Jefferies Group LLC reiterated a buy rating and set a GBX 90 ($1.18) target price on shares of Premier Oil plc in a research report on Tuesday, October 31st. Credit Suisse Group reiterated an underperform rating and set a GBX 60 ($0.79) target price on shares of Premier Oil plc in a research report on Tuesday, September 19th. Barclays PLC reiterated an equal weight rating and set a GBX 72 ($0.95) target price on shares of Premier Oil plc in a research report on Friday, July 21st. Finally, Macquarie decreased their target price on Premier Oil plc from GBX 41 ($0.54) to GBX 40 ($0.53) and set an underperform rating for the company in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 77.89 ($1.02).
Premier Oil plc (LON PMO) traded down GBX 2 ($0.03) during trading hours on Friday, hitting GBX 68 ($0.89). The stock had a trading volume of 4,109,037 shares, compared to its average volume of 3,900,000. Premier Oil plc has a fifty-two week low of GBX 42.75 ($0.56) and a fifty-two week high of GBX 99.50 ($1.31).
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About Premier Oil plc
Premier Oil plc is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. The Company is engaged in the business of upstream oil and gas exploration and production. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World.
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